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JobsOhio repaid state $8.4M

JobsOhio has refunded the state just more than $8.4 million, providing some clarity over the amount in taxpayer funds the economic development non-profit has received.

The Ohio Development Services Agency released the information Monday in response to a Dayton Daily News request about whether JobsOhio had followed through on its promise last month to reimburse any public money it has received.

DSA spokeswoman Lyn Tolan said accounting is still being finalized on how the money was spent, but that it broke into three major categories.

First, the $1 million in startup funds approved for JobsOhio in 2011, a private non-profit development created by Gov. John Kasich and the Ohio legislature in 2011 to replace the Ohio Department of Development.

Second, around $6.8 million in state grants made to a JobsOhio subsidiary called JobsOhio Beverage System (JOBS) between July 2011 and December 2012. The grants paid for a variety of services that mainly revolved around marketing and promoting Ohio.

Finally, JobsOhio repaid about $689,000 it had received to perform due diligence on DSA commercial loans. JobsOhio won’t be performing those services in the future, spokeswoman Laura Jones said.

JobsOhio also cut a $440,000 check to the state to repay the state for a settlement owed by JOBS since 2010, when it was known as the Ohio Business Development Coalition.

JobsOhio paid back the $8.4 million following a dispute with Ohio Auditor Dave Yost over access to the non-profit’s records. Yost maintains he should be able to audit JobsOhio since it will be funded by bonds backed by profits — expected to be more than $100 million annually — from the state’s liquor monopoly.

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